Yahoo is being acquired by Verizon for $5 billion

Himanshu, 25 July, 2016

Verizon is all set to acquire Internet giant Yahoo in a deal worth $5 billion, according to a recent report. The deal has been finalized, although an official announcement is yet to be made (expected as soon as today).

The report says that other bidders - including a group led by Quicken Loans’ Dan Gilbert and private equity firm TPG - have been informed about the outcome of the months-long negotiations. The terms of the deal are yet to be revealed.

It's worth mentioning that as of now only an agreement over the deal has been reached - the acquisition is yet to clear regulatory hurdles. The report also notes that current Yahoo CEO Marissa Mayer will be replaced by AOL boss Tim Armstrong after the deal completes.



Reader comments

  • Anonymous

which one gives better results?

  • Anonymous

unfortunately, these people only relies on GSMa and not the actual status of the company

  • Anonymous

Everyone charges you for using their search engine, directly or indirectly.

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